Microeconomic Theory Basic Principles and Extensions 1st Europe Middle East Africa Edition by Christopher Snyder, Walter Nicholson, Robert Stewart ISBN 1473704782 9781473704787

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ISBN 10: 1473704782
ISBN 13: 9781473704787
Author: Christopher Snyder, Walter Nicholson, Robert Stewart

Microeconomic Theory Basic Principles and Extensions 1st Europe Middle East Africa Edition Table of contents:

Part I: Introduction to Microeconomics

Chapter 1: The Fundamentals of Microeconomics

• What is Microeconomics?
• The Role of Microeconomics in Understanding Market Behavior
• Basic Concepts and Terminology

Chapter 2: The Economic Problem

• Scarcity and Choice
• The Production Possibilities Frontier (PPF)
• Opportunity Cost and Efficiency
• Comparative Advantage and Gains from Trade

Chapter 3: Supply and Demand: Basic Concepts

• The Law of Demand and the Law of Supply
• Market Equilibrium
• Shifts in Demand and Supply
• The Role of Government in Market Outcomes

Part II: Consumer and Producer Theory

Chapter 4: Consumer Behavior

• Preferences and Utility Theory
• Budget Constraints and Consumer Choice
• The Utility Maximization Problem
• Indifference Curves and Marginal Rate of Substitution

Chapter 5: Demand Theory

• Deriving the Demand Curve
• Income and Substitution Effects
• Price Elasticity of Demand
• Applications of Demand Theory in Policy and Business

Chapter 6: Producer Behavior and Costs

• The Theory of the Firm
• Production Functions and Marginal Product
• Cost Functions: Short Run and Long Run
• Economies of Scale and the Cost Structure of Firms

Chapter 7: Profit Maximization and Firm Supply

• The Firm’s Profit Maximization Problem
• Short-Run and Long-Run Supply Decisions
• Perfect Competition and the Supply Curve
• The Role of Technology and Innovation in Production

Part III: Market Structures

Chapter 8: Perfect Competition

• Characteristics of Perfectly Competitive Markets
• Short-Run and Long-Run Equilibrium
• Efficiency of Perfect Competition
• Applications of Perfect Competition

Chapter 9: Monopoly

• The Structure of a Monopoly
• Profit Maximization for a Monopoly Firm
• Pricing and Output Decisions in Monopoly Markets
• Monopoly Power and Social Welfare

Chapter 10: Oligopoly

• Characteristics of Oligopolistic Markets
• Game Theory and Strategic Interactions
• Collusion and Price Leadership
• Antitrust Laws and Market Regulation

Chapter 11: Monopolistic Competition

• Features of Monopolistic Competition
• Short-Run and Long-Run Equilibrium in Monopolistic Competition
• Product Differentiation and Market Power
• The Role of Advertising in Monopolistic Competition

Part IV: Factor Markets and Distribution

Chapter 12: The Labor Market

• Labor Supply and Labor Demand
• Wage Determination and Labor Market Equilibrium
• Human Capital and Education
• Labor Market Policies and Unemployment

Chapter 13: Capital and Land Markets

• The Demand for Capital and the Marginal Productivity Theory
• Interest Rates and Investment Decisions
• The Rental Market for Land and Natural Resources
• Capital and Land in Developing Economies

Chapter 14: Income Distribution

• Theories of Income Distribution
• Factors Affecting Income Distribution
• Government Intervention and Income Redistribution
• Poverty, Inequality, and Economic Policy

Part V: Market Failure and Government Intervention

Chapter 15: Externalities and Public Goods

• The Nature of Externalities
• Positive and Negative Externalities
• Public Goods and the Free Rider Problem
• Government Solutions to Externalities and Public Goods

Chapter 16: Market Failure and Government Regulation

• Sources of Market Failure
• The Role of Government in Correcting Market Failures
• Price Controls, Subsidies, and Taxes
• The Impact of Regulations on Market Outcomes

Chapter 17: The Economics of Information

• Asymmetric Information in Markets
• Moral Hazard and Adverse Selection
• Signaling and Screening Mechanisms
• The Role of Government in Information Markets

Part VI: Applications of Microeconomic Theory

Chapter 18: Welfare Economics

• Concepts of Social Welfare and Efficiency
• Pareto Efficiency and the Welfare Theorem
• The Role of Equity in Welfare Economics
• Market-Based Approaches to Welfare

Chapter 19: Behavioral Economics

• Insights from Psychology and Economics
• Theories of Bounded Rationality
• Prospect Theory and Decision Making
• Behavioral Applications in Policy and Business

Chapter 20: International Trade and Globalization

• Comparative Advantage and Trade Theory
• The Gains from Trade and Trade Barriers
• The Impact of Globalization on Developing Countries
• Trade Policies and International Institutions

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Christopher Snyder,Walter Nicholson,Robert Stewart,Microeconomic,Extensions